TRANSPOREON AUTONOMOUS PROCUREMENT

Set automated spot buying in motion

Welcome to a new era of spot buying.

Autonomous Procurement blows up traditional spot procurement with an approach that is built on behavioral and data science. Rather than asking your carriers for bids, we propose targeted rates with a high degree of differentiation by carrier, speeding up acceptance by instantly matching walk-away prices.

This innovative and data-driven approach results in significant and sustainable savings in both cost and effort.

Spot buying reimagined

Autonomous Procurement completely rethinks the spot buying process, using AI and behavioral science to drive previously impossible optimizations along the entire freight procurement process. With this new technology, spot procurement for road transport transforms from a manual process with multiple touchpoints to a streamlined, fully automated procedure.

  • Send science-based spot offers to your carriers instead of asking for bids
  • Dynamic offers are calculated by AI for each carrier individually
  • Speed up acceptance by instant matching walk-away prices
  • No manual input and pricing negotiations over the phone
  • React fast to any market condition and secure capacity
  • Consistently get the best spot market prices available
BENEFITS

Always get the best price

You need solutions that meet the challenges of today's dynamic and volatile markets. We are applying advanced analytics to the spot market, making sure you consistently get the best spot market price available.

And there's no need to sacrifice trust or reliability. You can achieve a 7-12% reduction in buying rates while still working with your regular base of trusted carriers.

BENEFITS

Increase speed and productivity with automation

  • Empower your logistics teams to optimize the transport assignment process and make optimal use of your trusted carrier network.
  • Put an end to endless searching for capacity as AI algorithms find available capacity faster and assign the right shipment, to the right carrier, and for the right price. Every time.

We use artificial intelligence and behavioral science to help teams get rid of the tedious and repetitive tasks that can be better left to machines, while humans maintain the oversight and can focus on more strategic tasks and relationship-building with customers and partners. Improve productivity even with existing resources.

BENEFITS

Accelerate carrier engagement and satisfaction

  • Increase satisfaction with your partners by opening up greater volume and revenue for your best carriers, while helping them to optimize their transportation planning and filling empty miles.
  • Offer instant-matching walk-away prices, resulting in increased speed to match with the transports that fit best, leading to more engagement and higher satisfaction.
BENEFITS

Get the mix right

Bring the spot price prediction power of Autonomous Pocurement into your contracted rates and become more dynamic by working contract freight and spot freight in parallel. When freight is rejected and cascades down your routing guide, make sure that Autonomous Procurement is your next primary choice.

Our solutions portfolio allows you to always choose the most suitable assignment method according to your individual use-case, strategic set-up, buying tactics, and business needs.

Facts and figures

80
%
touchless execution of volumes transacted through the platform.
2
h
average time to match.

Primary features

Carrier Profiling

Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.




 

Bundling

When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.

Price Prediction

For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.


 

Smart Tendering

For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.

Analytics

As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.

Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.




 

When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.

For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.


 

For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.

As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.

CASE STUDY

AB InBev Brews Up Spot Freight Savings with Transporeon Autonomous Procurement

ABInBev chose to rewrite its own history when faced with new levels of volatility resulting from the global pandemic. After a 45 day pilot proved double-digit savings were possible on spot buying, the multinational drink and brewing company was more than ready to embrace a change. Now, Anheuser-Busch is one of the best spot buyers in the freight market.

Anheuser-Busch (AB InBev)
Largest spot buyer in the world swaps best-in-class proprietary process for Transporeon Autonomous Procurement.
Tens
of millions of financial impact.
Double digit
savings in a highly volatile freight market.
80%
reduction in FTE requirement.
10%
direct reduction on spot rates.

REPORT

From Gut Feelings to Data-Driven Decision Making

Transportation tops the list of where to unlock business value – but historically the industry has faced many hurdles stopping us from harnessing the transformational effect data can have. Our latest report shares stark comparisons, best practice use cases and expert commentary on where and how you can leverage freight audit data to make more intelligent decisions. Use it to save time and money, and level up on the data maturity scale.

Customers who trust us:

PRODUCTS

Explore more of our digital freight solutions

Together our products work in harmony to increase transport efficiency along the full lifecycle of freight activities.

Transport Execution

Transporeon Best Carrier

Transporeon Best Carrier
  • Access the spot market more easily.
  • Cut transaction costs by up to 19%.
  • React quickly to market fluctuations.
  • Improve process efficiency with better integrations.
  • Cloud-based system provides real-time transparency.

Transport Execution

Transporeon No-Touch Order

Transporeon No-Touch Order
  • Automated shipment execution processes.
  • Fewer empty runs.
  • Cut process costs by up to 30%.

Dock Scheduling & Yard Management

Transporeon Time Slot Management

Transporeon Time Slot Management
  • Full transparency of delivery and pick-up times for all parties 
  • Efficient use of resources due to the even and predictable distribution of loadings and unloadings
  • Reduction of waiting times for trucks by up to 40%
  • Audit-proof and legal compliance through fully documented processes
  • Quick response and operational optimization through fast communication and real-time data

Want to know more about refining the spot buying process with Autonomous Procurement?

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